Hourglass Capital LLC maintained its position in shares of Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the company’s stock at the end of the second quarter. Hourglass Capital LLC’s holdings in Coca-Cola Company (The) were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of KO. North American Management Corp increased its holdings in Coca-Cola Company (The) by 10.3% in the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after buying an additional 600 shares in the last quarter. Summit Financial Group Inc. bought a new stake in Coca-Cola Company (The) in the 2nd quarter worth about $2,779,000. Global X Management Co. LLC increased its holdings in Coca-Cola Company (The) by 6.0% in the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after buying an additional 12,513 shares in the last quarter. Montecito Bank & Trust increased its holdings in Coca-Cola Company (The) by 90.2% in the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after buying an additional 60,258 shares in the last quarter. Finally, BB&T Corp increased its holdings in Coca-Cola Company (The) by 9.5% in the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after buying an additional 78,932 shares in the last quarter. 64.92% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.51% of the stock is owned by corporate insiders.

Shares of Coca-Cola Company (NYSE:KO) opened at $47.43 on Wednesday. The stock has a market capitalization of $199,058.36, a P/E ratio of 24.72, a PEG ratio of 3.96 and a beta of 0.70. Coca-Cola Company has a twelve month low of $39.88 and a twelve month high of $47.48. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. equities research analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.12%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 140.95%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company restated a “hold” rating and set a $42.00 price target on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Finally, Vetr upgraded Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.50.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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